According to McKinsey’s latest report, there are about 613 Chinese firms doing business in Nigeria but not properly registered by Nigeria’s trade and tax authorities. Mckinsey claimed in in its report that about 930 Chinese firms plying their trade in Nigeria, as against the 317 firms documented by the Chinese […]
Lagos, Nigeria’s commercial capital is selling an NGN85.14 billion bond to fund infrastructural projects across the state. The state has started various capital projects as well as ongoing projects inherited from the last administration. According to Akinyemi Ashade, the state commissioner for finance, the bond consists of 46.37 billion naira […]
Nigeria has announced that it paid a sum of NGN6,204,912,888 to 14 states during the school year ending this month for the feeding of 2,827,691 pupils out of the three million targeted for this year. This was contained in an official statement by Senior Special Assistant to the Acting President […]
Nigerian Police has confirmed the arrest of officials of the Yobe state Pilgrims Welfare Board and Potiskum Local Government Council officials over hajj fares paid by 41 intending pilgrims that was allegedly missing. This revealed by the command’s Police Public Relations Officer (PPRO), Jafiya Zubairu , a Deputy Superintendent of […]
In a bid to follow-up on its out-of-court settlement, the Nigerian government has had its case against seven local lenders accused of withholding USD793 million owed to the state struck out by the court. Justice Chuka Obiozor, in his decision, said the government had filed a notice to halt the […]
There are indications that Nigeria may settle out of court in its case against the local banks over a USD793 million due to the state, and that it was seeking an out-of-court settlement instead. Meanwhile the seven banks involved have said they either do not owe the government money or […]
The Economic and Financial Crimes Commission (EFCC) corruption prevention project, Creative Youth Initiative against Corruption (CYIAC) has concluded plan to launch anticorruption movement in the Diaspora. The event tagged “Diaspora Nigeria Action Against Corruption Initiative (DNA Action)” is earmarked for flag–off on October 1, 2017 to coincide with Nigeria’s national […]
Lagos based advertising agency, X3M Ideas , visited the Government Girls Secondary School Chibok as part of its 5th anniversary celebration which clearly states its mission in terms of corporate social responsibility. A business that makes nothing but money is a poor business. This classic quote of all times by […]
The ten-day International training, organized by the German Police for Operatives of the Economic and Financial Crimes Commission, and other security agencies ended. The programme which was geared towards equipping investigators with the fundamental principles in fighting corruption, special aspects in conducting investigation, preventing corruption and supporting investigative measures was […]
Nigeria’s Central Bank said it will not tinker with the benchmark interest rate which has been retained by the apex bank at 14%. The CBN said only two of the eight monetary policy committee members voted to cut the interest rate. Nigeria has been enmeshed in its first economic recession […]